The U.K. financial regulator has used its powers to fine an investment bank for violating listing rules for the first time. And the fine recipient? The U.K. legal entity of collapsed Portuguese lender Banco Espírito Santo. Read More »

Eurofin Holding SA, a small Swiss financial company, for years played a key role providing financial services to the now-collapsed Espírito Santo empire, according to a Page One story in The Wall Street Journal. That role might have been even more expansive if Eurofin executives had their way, according to internal Eurofin emails and documents reviewed by the Journal.

Here are two ideas that Eurofin executives floated that never got off the ground. Read More »

One surprise in Banco Espirito Santo SA’s collapse this month is how parent company Espirito Santo International was able to operate for decades with minimal oversight despite its web of transactions and intragroup funding with the Portuguese bank.